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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Value of Buy To Let sector has grown 5.5% in a year despite challenges

The latest Kent Reliance Buy to Let Britain report - seen as a snapshot of the state of health of the private rental landscape - shows...

Right To Rent may be tweaked as part of Brexit process

The controversial Right To Rent, which obliges letting agents and landlords to check the right of prospective tenants to live in the UK, may be amended...

Eviction firm Landlord Action acquired by redress scheme owner

HF Resolution Ltd, a subsidiary of Hamilton Fraser, has acquired one of the industry’s leading tenant eviction solicitor firms, Landlord Action.   Landlord Action was founded in 1999...

Consumer group welcomes confirmed ban on letting agents' fees

The consumer group Citizens Advice says it welcomes the Queen’s Speech confirmation of the upcoming ban on letting agents’ fees levied on tenants in England, suggesting...

Agents ask: Why did we even bother with fee ban consultation?

ARLA has led a call by many letting agents on hearing the Queen’s Speech - what was the point of a formal consultation into a fee...

TPO makes year's biggest compensation award against letting agent

The annual report of The Property Ombudsman, released today, reveals that the largest compensation award of the year has been made against a letting agent.   In summary...

Another acquisition by Leaders as group snaps up lettings business

Leaders has returned to ther acquisition trail with its purchase of a local agency in Nottingham.   Leaders has snapped up Bulmer Estates, a family-run business owned by...

Website claims 11.6% drop in available letting stock since 2011

The UK rental market has seen a slump of 11.6 per cent in available stock over the last six years, according to figures from a website.    Home...

Letting fees ban confirmed by Queen's Speech

The Queen’s Speech, outlining the government’s proposals for the next two years, has confirmed a pledge to introduce a ban on letting agents’ fees levied on...

Brexit means holiday homes give higher yields than buy to let - claim

The weakness of the pound since Britain’s decision to quit the European Union a year ago means that holiday properties are now generating double the annual...

City agencies agree to voluntary restrictions on To Let boards

Letting and estate agencies in Brighton and Hove have agreed to voluntary restrictions on the erection of To Let and For Sale boards in one area...

Lettings market enjoys 'robust' boost, claims board company

There has been a ‘robust’ improvement in the lettings market according to board company Agency Express.   It says its nationwide data on To Let and Let properties...

Research reveals dangers of landlords using 'risky' online sites

New research shows that thousands of landlords are using what are described as “risky online sites” in their bid to avoid letting agency fees.    A survey of...

London council steps up action to curb Airbnb-style short lets

Southwark council in south London is sending leaflets to all its leaseholders to warn them that letting out homes on any short term holiday let websites...

Lettings companies fined over illegal advertising boards

A local authority has clamped down on what it describes as illegal advertising boards, fining agencies thousands of pounds in the process.  Student lettings firm Unipad Ltd...

Make independent inventories mandatory, government urged

A trade body wants independent inventories to become mandatory across the lettings sector - and it pledges to mount a campaign to achieve this.  The Association of...

PropTech firm claims tool will ease agents' maintenance record-keeping

A PropTech company claims its new software platform will make it easier for letting agents and property managers to co-ordinate maintenance reports and inspections.  The platform haas...

Prime London rents down 4.8 per cent in a year says Knight Frank

Rents in prime central London are down 4.8 per cent in the past year according to Knight Frank - a slightly less poor performance than the...

Licensing is a 'post code lottery', says Fair Fees Forum

At the latest meeting of the Fair Fees Forum, members described the current approach towards landlord licensing as a 'post code lottery'. The group, which was formed...

Fewer EU nationals looking to rent in the UK since Brexit

The number of EU nationals looking to move to the UK and rent has fallen in the year since the UK voted to leave the European. This...

High profile agent calls for 'cross-party housing tsar'

The boss of 300 branch agency Belvoir has called on the government to appoint a cross-party housing tsar to work with the new housing minister. In an...

Northern locations still the best for buy-to-let investment

Stoke-on-Trent has been named as the UK's buy-to-let 'sweet spot'. Analysis of data from Home.co.uk by property crowdfunding plaform Property Partner shows that the Staffordshire town provides...

Right to Rent could impact British citizens without passports

Almost a fifth of British citizens could find it harder to access rental property, according to the Residential Landlords Association (RLA). The industry trade body reports that...

BTL index: Nothing to choose between Tory and Labour-voting regions

The top ten buy-to-let postcodes in England and Wales are evenly split between locations that voted for the Conservatives or Labour. Luton has been identified as the...

Launch event for rental auction site receiving strong interest from agents

The preview event for the launch of a new rental auction site is receiving strong interest from letting agents. LetsBid4Lets says that in the week since the...

NLA to offer landlords free advertising through TheHouseShop

The National Landlords Association (NLA) has agreed a partnership with property marketplace TheHouseShop. The website is now one of the NLA's recognised suppliers and will offer landlords...

Prime Central London: rental declines are slowing

The pace of decreasing rental values in Prime Central London (PCL) has slowed, according to the latest data from Knight Frank. Average rental growth across all price...

'Fit for human habitation' amendment may be reconsidered after London fire

A proposed amendment to the government's Housing and Planning Bill which suggests landlords are required to make homes 'fit for human habitation' may be reconsidered following...

Crowdfunding campaign for Right to Rent challenge exceeds target

The crowdfunding campaign for a legal challenge against the rollout of the Right to Rent scheme across the UK has exceeded its funding target. By the end...

Buy-to-let lending down as remortgaging continues to drive activity

The number of buy-to-let mortgage loans fell by over a fifth during April, according to the latest figures from the Council of Mortgage Lenders (CML). The organisation...

Rental sector encouraged to promote benefits of Direct Debit to tenants

Letting agents and landlords are being encouraged to promote and increase Direct Debit sign-ups for rental payments. Bacs Payment Schemes Limited (Bacs) - the company behind Direct...

Former Countrywide director expands Badger Holdings with acquisition

The firm run by former Countrywide lettings director Nick Dunning has announced the details of its latest acquisition. Nick Dunning Associates has acquired West London lettings-only business...

Watchdog upholds complaints made against rental property listing

Government watchdog the Advertising Standards Authority (ASA) has upheld four complaints made against a Liverpool letting agency. The complaints were made against a rental property listing submitted...

Landlord ordered to pay £10,000 after serious fire safety failings

A landlord has been ordered to pay over £10,000 after pleading guilty to breaching three separate fire regulations. Charles Thornton was fined at York Magistrates' Court last...

NLA surveying landlords to 'inform future policy decisions'

The National Landlords Association (NLA) has launched its Quarter Two Landlords Survey. The research study has been launched hot on the heels of last week's General Election...

Metro Bank enters consumer buy-to-let market

High street operator Metro Bank has announced that it is entering the consumer buy-to-let market and will now accept consumer applications from landlords and property investors.  The...

Quarter of households to be private renters by 2021

The proportion of households living in the Private Rented Sector (PRS) will rise to 24% over the next four years, according to new research. Knight Frank's Multihousing...

Iain Duncan Smith to join panel of experts at industry event

Former Conservative Party leader and Work and Pensions Secretary Iain Duncan Smith is set to speak at a lettings sector event later this week. Duncan Smith will...

Landlords and agents warned about rent guarantee insurance

A specialist insurance provider has reminded landlords and letting agents of the pitfalls associated with rent guarantee insurance.  Cover4LetProperty suggests that squeezed profits and legislative changes have...

Growing city agency takes on nine new members of staff

A growing sales and lettings agency in Leeds has announced the recruitment of nine new members of staff. Morgans, which describes itself as a city living specialist,...

'Retired tenants spending record sums on rent' - Countrywide

Retired tenants are becoming a larger part of the rental market, according to the UK's largest letting agency. Countrywide reports that pensioners paid a total of £3.7...

Right to Rent legal challenge nears funding target

A crowdfunding campaign for a legal challenge against the rollout of the Right to Rent scheme is nearing its funding target. With just two days to go,...

Landlords fined for fire safety failings, mould and dangerous wiring

Two landlords have been fined almost £14,000 for breaching a multitude of property management regulations. Abdul Qadir, 56, and Dr Mohammed Anwar, 49, both pleaded guilty to...

Agent's new lettings team aiming to compete with sales division

A growing agency has appointed a new lettings team and is aiming to compete with its successful residential sales division. Heywoods, the largest independent estate agency in...

Landlords adapting to controversial tax changes

The nation's landlords are adapting to ongoing restrictions to tax relief on buy-to-let mortgage interest, according to Mortgages for Business. Upon releasing its latest Property Investor Survey,...

Letting agents invited to preview rental auction site

A new rental auction website is inviting letting agents to preview its launch at an event later this month. LetsBid4Lets.com, which claims to offer the first bidding...

Leaders agent appointed as ARLA’s Midlands board member

A letting agent working for Leaders has been appointed as the new ARLA Propertymark board member for the Midlands. Duncan Chambers, who is a lettings manager at...

Election and Brexit uncertainty delaying tenant moves, says Landbay

The prospect of today's General Election as well as ongoing uncertainty surrounding Britain's exit from the European Union is having a negative effect on tenant demand. The...

Student landlord fined almost £6k for licensing failings

A student landlord has been fined for failing to obtain the appropriate licences for two rental properties. Lisa Chatfield was ordered to pay almost £6,000 after pleading...

Salford Build to Rent scheme opens its doors to tenants

A Build to Rent scheme in Salford is launching this week with tenants moving in to purpose-built rental accommodation at 'The Slate Yard'. The scheme is being...

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